China’s Central Bank Fines, Warns UnionPay
China’s central bank has cracked down again on cash card service provider China UnionPay, fining …
MasterCard Snaps Up VocaLink In £700m Deal
MasterCard has agreed to acquire VocaLink in a £700m deal, less than six months after …
UK Regulators Urged To Act On Virtual Currencies
Permissionless virtual currencies such as Bitcoin should be brought under closer supervision, central bank officials …
UK Strategy Forum Calls For Payment Schemes To Consolidate
The UK’s Payments Strategy Forum has outlined ambitions to reform the country’s core payment systems, …
Prepaid Card Giants Questioned Over Customer Failure
Senators have demanded answers from three of the U.S.’ biggest household names after thousands of …
Industry Calls For Clarity Over PSD2 Fraud Risks
The revised Payment Services Directive (PSD2) could result in so many new market entrants that …
Ghana Launches Instant Payments In Cashless Push
The Bank of Ghana has begun to offer instant payments to consumers this week as …
Japanese Regulator Rebukes Stifling Fintech Rules
Japan’s outmoded legal framework is stifling financial innovation while leaving consumers ill-protected as technology companies …
Bank Of England To Settle Directly With PSPs
The UK’s central bank will soon let payments service providers (PSPs) access its settlement systems …